Standard & Poor’s Ratings Services announced that it has assigned an “A”+” rating to RAM Holdings Ltd.’s (RAM Holdings) $40 million debt offering. S&P explained that the “operating performance and dividending capabilities of RAM Holdings’ primary subsidiary, RAM Reinsurance Co. …
Swiss Re joined the parade of European insurers announcing happy results for 2003. Net income increased to CHF 1.7 billion ($1.33 billion), while net premiums jumped to CHF 30.7 billion ($24 billion). It’s the first profitable year for the world’s …
The Hospital & Healthsystem Association of Pennsylvania (HAP) has responded positively to Governor Ed Rendell’s recently announced medical liability reform proposals (See IJ Web site Mar.25). “We are pleased that Governor Rendell recognizes the need to take additional steps to …
More than 700 New Jersey consumers will be refunded an average $1,716 each as a result of a Department of Banking and Insurance examination into the business practices of American General Financial Services Inc. American General Financial Services Inc., which …
New Jersey Attorney General Peter Harvey announced that an Ocean County woman has been ordered to pay more than $3,600 in restitution for using false identities as part of an insurance fraud scheme to illegally collect death benefits from a …
The American Medical Association (AMA) issued a statement Thursday as it keeps its eyes on the medical liability climate in Florida. The following comments are attributed to Donald Palmisano, president, of AMA. “The American Medical Association urges Florida residents to …
MetLife Auto & Home and The Home Depot announce that they will be joining forces to provide repair materials and installation services for MetLife Auto & Home customers. This enhanced service will be available nationally to customers reporting insurance claims …
Illinois Attorney General Lisa Madigan announced recently that a consumer fraud complaint has been filed in Cook County Circuit Court against a Burbank resident who operates a home repair, remodeling and construction business. Ron Labay of Burbank, owner of Ron …
Ohio Attorney General Jim Petro announced a partial settlement has been reached in the class action lawsuit against directors and officers of bankrupt telecommunications firm Global Crossing Ltd., that will include compensation to investors from the personal fortune of former …
Florida Attorney General Charlie Crist announced the settlement of a case brought against 16 South Florida office supply companies and five individuals accused of deceptive business practices. Arthur R. Snow, Dean Snow, Helen Lavin, Phyllis H. Caccioppo and Lisa A. …